Absolute power corrupts absolutely.
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ODELL, ignore the folks this week saying you should go back on Twitter.
Freedom tech maximalists are Nostr only. They just are.
"Engagement whores" confuse ego with what truly drives lifesaving change.
Terrific conversation. While listening you can almost feel the overton window stretching, and the world starting to come around, with more and more folks (like the Colonel) talking publicly about bitcoin's strategic importance.
Here, here.
Also remember Silicon Valley is captured, and under the thumb. The platforms and networks you choose are very important, as is how you interpret messaging from those that are controlled.
Twitter users are like addicts who need an intervention. Tough love: show some self respect and stop supporting platforms captured by the State. Be your own person. Control your own destiny. Stop thinking you need Twitter to be cool or important or make money. You do not. The same way you don't need fiat or central banking to be rich.
Be your own Blackrock
Don't be Larry Fink's bitch.
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Maybe I am not understanding, but if you have $100k set aside for consumption over the next year (ie, liquidity needs), are you saying it is prudent to take out a $100k mortgage to hedge against monetary inflation?
Current mortgage rates are 6-7%. 6 month CDs (ie, where you might park your savings) is paying about half that in the US.
Do you really think the risk of short term monetary inflation is worth the delta (ie, around 3%), and then that real estate is a good hedge (after fees associated with the mortgage, etc)?
What am I missing?
we hear the same from bitcoin
influencers who, in whole or Parr, reject nostr for Twitter. I wonder if their primary motivation is building their own brand, or helping the mission. Associating with the Princeton name helps the former, and I didn't see that many plebs in the audience. 🤔
#bitcoin is truth at the speed of light, a network for sovereign individuals to repulse the lies, reject the manipulation, and build for the future.
https://m.primal.net/HcMQ.jpg
Most VC are nothing more than market timers, who use specks of truth to inflate bubbles and talk up their book, before dumping it on retail. They delude themselves and others into thinking they are smarter and doing God's work. In reality, they are weak, soft-handed, whiny babies and overpaid pond scum. So, will they follow Chamath in thinking Bitcoin is the story for 2023, shit all over the space, splash the table, and leave a mess...you can bet on it. But, bitcoin doesnt care. Nor do I.
Prices cycled higher through the late 1960s and 1970s, which makes sense:
Money gets debased by government. Prices go up. People save more in response to higher prices, reducing demand for money, and prices go down. Government then stimulates, with further monetary debasement, to discourage savings, and prices go up faster, causing more savings. Rinse, repeat.
We shouldnt be surprised in this cycle repeats, as well, in the 2020s. The problem is government manipulation of money supply. #bitcoin
https://m.primal.net/HcBg.jpg
Be humble....
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Ten31 understands bitcoin and it's ecosystem like few others, with conviction enhanced by unique strategic and futurist strengths. Great read.
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Money printers are warming up, as central banks again prepare to rescue us from a problem they created. The latest fuel for the dumpster fire? Commercial real estate losses.
In the GFC, all it took was Goldman marking down its portfolio (after first shorting the market!) to cause contagion.
At present, the Chinese are selling real estate around the globe to meet cash calls on failed projects. (They've also been stacking physical gold for years.)
US regional banks are again teetering.
Both the Fed and ECB are publicly saying commercial real estate is a problem.
And so it continues. Buy #bitcoin.
PSA, freaks: Protect yourselves from the growing dumpster fire of commercial real estate, and the flood of monetary debasement/theft which will follow.
Stay humble, stack sats, like the boss you are.
There goes the neighborhood! 🤣🫡
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Good morning! Cockadoodledoo (TX time).
Good article. The deleveraging will continue. Central bankers aren't immune to gravity. Nature wins, eventually and always.
A good piece to give those that might be skeptical...
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Terrifying ... stocks and bonds with custodians are, legally, not your property. Worse, they are likely being used to fund massive financial risk without your consent. It is the biggest con game in history. And if you don't understand who the sucker at the table is, it is you. #bitcoin
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Periods of rapid change, or prolonged debasement, erode societal trust.
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The Fed is trying to normailze. But the US government is still spending like a drunk sailor.
M3 includes debt deposits up to 2 years and institutional money market funds. It captures more of the government money printing.
It's chart shows money supply is still going up.
Printers gonna print.
Politicians and banks are financial junkies hooked on credit. Not pretty. Protect yourself. Detach with compassion, but detach. #bitcoin
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What do you do when faced with fear? Do you react quickly, blame others, stick your head in the sand, or follow the crowd? Or do you take a breath, dig deep for the truth, take responsibility, and find comfort in your own abilities?
My economics thesis professor encouraged graduate work for me, admitting after four years of study that everything I'd just learned didn't work in the real world, and that there was opportunity to contribute to the field if I continued.
He was right, and so was I not wasting more time and energy on failed Keynsian theory.
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In the peaceful BITCOIN army, we do more before 9am than most people do all day. Be all you can be. Stay humble, stack sats...before dawn, and all day long.
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